SME NEWSLETTER JUNE, 2021 (17th Edition)

India SME Expands Its Fintech Portfolio with ₹ 60 Cr Investment in KreditBee. KreditBee is a platform facilitating the loan transactions between the borrowers and the NBFCs/Banks.

The United Nations commemorates 27th June as World Micro, Small and Medium Enterprises (MSMEs) Day. MSMEs continue to be heavily impacted by the COVID-19 pandemic. Some firms have been able to do well by stepping up to supply pandemic response goods, including Personal Protective Equipment, pharmaceuticals and lower cost medical devices, and services, particularly digital services. Most firms have been able to cushion the adverse impacts by going virtual and accelerating their transition to e-commerce. Nevertheless, across the board, MSMEs are reeling under the pandemic with widespread losses in terms of sales, profits and employment.

UNIDO conducted survey with India SME Forum during April-May 2021 a firm level survey, completed by 438 Indian firms. 61% of respondents reported declined sales, against 14% reporting increased sales. 38% reported declines in sales by 50% or more, or in other words, one in three firms reportedly had lost at least half of its sales. The picture on profits is near identical, 51% reports a decline in profits against 8% reporting an increase. 33% reported a decrease in profits by 50% or more, or more, or again, one in three firms reportedly had lost at least half of its profits.

During, the half year ended June 30, 2021, the total 180.16 Crore raised through SME IPO and total 17 Companies were listed. Out of these 17 companies, 5 companies listed on NSE Emerge Platform, 9 companies listed on BSE SME Platform and 3 companies listed on BSE Start-Up Platform.

Merchant Banker and Market Maker

Total SME Companies Listed

Detailed Report on SME Initial Public Offer (IPO) for June, 2021

Name of Company   Times Green Energy (India) Limited Adeshwar Meditex Limited Navoday Enterprises Limited Abhishek Integrations Limited
Date of Listing   30-06-2021 28-06-2021 25-06-2021 21-06-2021
Stock Exchange where listed BSE SME BSE SME BSE SME NSE Emerge
Industry Other Agricultural Products Healthcare Supplies Consulting Services Electrical and Mechanical Service
State Telangana Maharashtra Maharashtra Gujarat
Issue Size 4.05 Crore 9.75 Crore 4.61 Crore 4.95 Crore
Market Lot/ Min Order Quantity 2000 6000 6000 3000
No. of Times Subscribe 3.32 1.85 2.36 10.50
Lead Manager Aryaman Financial Services Limited Aryaman Financial Services Limited Inventure Merchant Banker Services Private Limited Beeline Broking Limited
IPO price ₹ 61/- ₹ 25/- ₹ 20/- ₹ 50/-
Open on Listing Date ₹ 61.40/- ₹ 25.25/- ₹ 19.50/- ₹ 40/-
52 Wk High ₹ 64.45/- ₹ 25.50/- ₹ 19.50/- ₹ 40/-
52 Wk Low ₹ 61/- ₹ 25.05/- ₹ 15.20/- ₹ 28/-
Closing Price as on 30-06-2021 ₹ 61.60/- ₹ 25.15/- ₹ 16.80/- ₹ 31/-
Market Capitalization as on 30-06-2021 10.25 Crore 49.54 Crore 6.47 Crore 15.05 Crore

Comparison Of Listed Company with BSE SME IPO Index and NIFTY NSE Emerge Index

Companies Migrated to Main Board of Exchange in June, 2021

Sr. No. Name of the Company Date of Migration   State Exchange  
1 Ratnabhumi Developers Limited 30-06-2021 Gujarat BSE
2 White Organic Retail Limited 30-06-2021 Maharashtra BSE
3 S. M. Gold Limited 17-06-2021 Gujarat BSE
4 Anmol India Limited 04-06-2021 Punjab BSE

Draft Prospectus Filed with Stock Exchange

Sr. No. Name of the Company Date of Draft Prospectus State Exchange
1 Aashka Hospitals Limited 30-06-2021 Gujarat BSE SME
2 Network People Services Technologies Limited 17-06-2021 Maharashtra NSE Emerge
3 Gretex Corporate Services Limited 14-06-2021 Maharashtra BSE SME
4 AB Cotspin Limited 07-06-2021 Punjab NSE Emerge
5 Bombay Metrics Supply Chain Limited 05-06-2021 Maharashtra NSE Emerge
6 Rex Pipes And Cables Industries Limited 04-06-2021 Rajasthan NSE Emerge

Comparisons Of Listing Price Before And After Migration

Companies Migrated from NSE SME platform to NSE Main Board

Sr. No. Name of Securities Date of Migration Price Before Migration (In Rupees) Price as on 30-06-2021 (In Rupees) Growth/Decline (In Rupees) % of Growth/Decline
1 Moksh Ornaments Limited 21-May-21 67.35 97 29.65 44.02%
2 Ajooni Biotech Limited 07-May-21 42 59 17 40.48%
3 Tembo Global Industries Limited 23-Apr-21 107.8 188.45 80.65 74.81%
4 Nitiraj Engineers Limited 22-Apr-21 43.2 50.05 6.85 15.86%
5 Arvee Laboratories (India) Limited 22-Mar-21 43.55 109.55 66 151.55%
6 Silgo Retail Limited 03-Mar-21 53.8 39.45 -14.35 -26.67%
7 Iris Clothings Limited 22-Feb-21 59 122.35 63.35 107.37%
8 AKG Exim Limited 16-Feb-21 97.8 27.7 -70.1 -71.68%
9 Rajnandini Metal Limited 16-Feb-21 31.05 145 113.95 366.99%
10 Ahlada Engineers Limited 28-Jan-21 70 195 125 178.57%
11 Wealth First Portfolio Managers Limited 20-Jan-21 92.1 144.25 52.15 56.62%

Companies Migrated from BSE SME platform to BSE Main Board

Sr. No. Name of Securities Date of Migration Price Before Migration (In Rupees) Price as on 30-06-2021 (In Rupees) Growth/Decline (In Rupees) % of Growth/Decline
1 White Organic Retail Limited 30-Jun-21 107.3 112.65 5.35 4.99%
2 Ratnabhumi Developers Limited 30-Jun-21 71.85 79.65 7.8 10.86%
3 S. M. Gold Limited 17-Jun-21 85.6 90.3 4.7 5.49%
4 Anmol India Limited 04-Jun-21 175.25 151.15 -24.1 -13.75%
5 Shubham Polyspin Limited 31-May-21 75.35 119.5 44.15 58.59%
6 Vishal Bearings Limited 31-May-21 27.7 36 8.3 29.96%
7 Sharika Enterprises Limited 31-May-21 50.05 61.1 11.05 22.08%
8 Sylph Education Solutions Limited 22-Apr-21 13.89 11.25 -2.64 -19.01%
9 Deep Polymers Limited 12-Mar-21 70.95 96.75 25.8 36.36%
10 Aditya Vision Limited 15-Jan-21 31.9 595.3 563.4 1766.14%
11 BCPL Railway Infrastructure Limited 04-Jan-21 102.95 49.45 -53.5 -51.97%

Changes In Market Lot

Sr. No. Name of the Company Exchange Effective Date Old Market Lot New Market Lot Purpose of Change
1. Ksolves India Limited NSE 12-07-2021 1200 400 Bonus Issue

Employee Stock Option Plan

Sr. No. Name of the Company Exchange Listing Date Date of Allotment No. of Shares issued Par value Exercise Price per share
1. Thejo Engineering Limited NSE 22-06-2021 08-06-2021 21731 Rs. 10/- Rs. 153.75/-
2. E2E Networks Limited NSE 15-06-2021 25-05-2021 46004 Rs. 10/- Rs. 12/-
3. Power & Instrumentation (Gujarat) Limited NSE 15-06-2021 04-05-2021 1350000 Rs. 10/- Rs. 16.52/-

Bonus Issue

Sr. No. Name of the Company Exchange Listing Date Date of Allotment No. of Shares issued Par value
1. Ksolves India Limited NSE 18-06-2021 09-06-2021 4446000 ₹ 10/-

Performance of Market Maker as on June 30, 2021

S
r. No.
Name of Market Maker Subscription by Market Maker (Rs. In Lakhs) Total No. of Companies
1 Aryaman Capital Markets Limited 233.80 3
2 Beeline Broking Limited 171.94 2
3 Gretex Share Broking Private Limited 10.85 1
4 Harjivandas Nemidas Securities Private Limited 25.20 1
5 Hem Finlease Private Limited 151.20 2
6 Nikunj Stock Brokers Limited 46.20 2
7 NNM Securities Private Limited 62.76 2
8 Pentagon Stock Brokers Private Limited 117.00 1
9 Rikhav Securities Limited 260.95 3
10 Shreni Shares Private Limited 10.65 1

Performance of Merchant Banker as on June 30, 2021

Sr. No. Name of Merchant Banker Total Fund Raised (Rs. In Crore) Total No. of Companies
1 Aryaman Financial Services limited 43.50 3
2 Beeline Broking Limited 8.19 2
3 Fedex Securities Private Limited 50.29 3
4 Gretex Corporate Services Private Limited 2.01 1
5 First Overseas Capital Limited 7.75 1
6 Hem Securities Limited 28.72 2
7. Inventure Merchant Banker Services Private Limited 4.61 1
8. Mark Corporate Advisors Private Limited 4.98 1
9. Pantomath Capital Advisors Private Limited 23.4 1
10. Shreni Shares Private Limited 2.00 1
11. Unistone Capital Private Limited 4.70 1

State Wise Fund Raise Through SME IPO as on June 30, 2021

Disclaimer

This data is prepared based on the offer documents and available market information nothing contain in this data are in violation of any laws, rules, regulation, directive, guideline etc. of any regulatory authority. This newsletter is prepared for the information purpose only nothing contain in this data are intent to any means of invitation to subscribe or invest in the securities of the company. These data and report are subject to copyright in favour of BBL therefore, Reproduction or dissemination, directly or indirectly in any form is prohibited except with the prior written permission of Beeline.

Recipients should not construe any of the contents within the document as advice relating to business, financial, legal, taxation, or investment matters and are advised to consult their own business, financial, legal, taxation and other advisors. This document does not constitute an offer for sale, or an invitation to subscribe for, or purchase equity shares or other assets or securities of any Company and the information contained herein shall not form the basis of any contract.   This document are also not meant to be or to constitute any offer for any transaction.

Past performance is not a guide for future performance, future returns are not guaranteed and investors may suffer losses which may exceed their original capital. The user should consult their own advisors to determine the merits and risks of investment and also read the Risk Disclosure Documents for Capital Markets and Derivative Segments as prescribed by Securities and Exchange Board of India before investing in the Indian Markets.

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